Financial Inclusion and Development in the CEMAC

IMF Working Papers, November 9, 2015

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Financial Inclusion and Development in the CEMAC

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Bibliographic details

• Authors: Adrian Alter, Boriana Yontcheva
• Published: November 9, 2015
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781484317556.001

Paper overview

• Title: Financial Inclusion and Development in the CEMAC
• Authors: Adrian Alter, Boriana Yontcheva
• Date: November 9, 2015
• Series: Working Paper No. 2015/235
• Issue: 235
• Volume: 2015
• Pages: 31

Research objective and approach

• Objective: Examine financial inclusion and development in the CEMAC and identify determinants of the financial development gap.
• Main methods:
  • Benchmarking exercise to explore the level of financial inclusion in the CEMAC.
  • Construction of a measure of financial development gap.
  • Panel data regressions to analyze determinants of financial development.

Key empirical findings

• Determinants explaining most of the financial development level:
  • Inflation
  • Income
  • Natural resources
• Institutional and governance associations:
  • Better financial sector governance is positively associated with financial sector development.
  • Stronger economic governance is positively associated with financial sector development.
• Distributional insight:
  • Richer and poorer countries can be equally far from their expected financial development levels.
• Benchmarking outcome:
  • Identification of countries that have successfully reduced the financial development gap.

Policy implications and recommendations

• Use benchmarking to identify successful country experiences in reducing the financial development gap.
• Policy measures proposed (general framing extracted from the source):
  • Strengthen financial sector governance to promote financial sector development.
  • Improve overall economic governance to support financial inclusion.
  • Design country-specific measures informed by benchmarking results to boost financial inclusion.

Content in this bundle

• Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva
  • Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva (Markdown version)
  • Financial Inclusion and Development in the CEMAC; by Adrian Alter and Boriana Yontcheva (PDF)